CONFIRM SHORT TRADE IN SBIN AS PER WAVE THEORY and DEMAND SUPPLY

8 oct. 2020

We are looking at the Monthly chart here; we clearly see Wave 1, 2, 3, 4 complete and now Wave 5 is forming;
Wave 1 and 5 are almost similar waves in terms of both magnitude and direction also Wave 5 each and every time definitely breaks the low made by the end of Wave 3 therefore we are super sure that it will cross the previous low of Rs. 149.45.

Let's verify every Wave in the Lower Degree to confirm the above structure and to find an accurate entry in the Potential Supply Zone;

Wave 1: Downward Simple Impulse



Wave 2: Upward Simple Correction



Wave 3: Downward Simple Impulse



So Wave 3 is complete and verified I have also shown the magnitude of every Wave to have a clear understanding regarding the Impulse;

Wave 4: Tripe Three Correction Explained and verified with most unexplained X Waves;



After verification of all these Waves we are sure that this is a downward Impulse and Wave 5 will surely end below the Low of Wave 3 (Rs. 149.45)

Wave 5 will formed as per the Monthly chart which means we will have 5 Wave downward Impulse in The Lower Degree charts



Here we see that Wave 5> Wave 3> Wave 1; which is together a Wave 1 and hence we are sure to have Wave 3 as an Extended Wave;
Hence the Downward Move is assured with immense volume;



Wave 3 starts and here we will have a 5 Wave downward Impusle formed;
We have Wave 1 and 2 complete which confirms the start of Wave 3;

In Wave 3 which is to be formed in 4H hence there will be Impulse formed in Lower Degrees which are as follows;
Also this is the 1st Trade in Downward Direction;